Comparative Common Sized Financial Statements
C
Christopher Brown
What if there were a way for Double to use information from all the data provided by firms to allow us to add a column to financial statements, like a P&L, that gives us a Percentage of Income column based on other financials in Double that are in a similar industry (NAICS?), size, and possibly even basic geographical area.
Data would be anonymized to maintain privacy, choice to opt out by client, and comparative numbers would only be available if there is a sufficient (5-10?) number of comparative reports available.
This would be extremely helpful in both budgeting and advisory services.